After 76 years of operations and sending vehicles down the lanes in northwest Pennsylvania, a part of America’s Auto Auction has a new name. Members of the AAA corporate team attended the sale at their newly branded facility last week, as this auction celebrated its 76th anniversary and introduced dealers to its new name.  According […] [Read More]

Autonomy continues to expand in the Golden State. The electric vehicle subscription company — which says it is the “cheapest, fastest and easiest way to get a Tesla Model 3” — said in news release Wednesday that its services have launched in Bakersfield, Calif. Autonomy launched in Los Angeles in January, then the San Francisco […] [Read More]

A new kind of license plate now is available for fleets based in the Lone Star State Reviver, a technology company and developer of the digital license plate, announced on Tuesday that it has launched its suite of products for sale to commercial vehicle owners in Texas. Commercial businesses in Texas can access a growing […] [Read More]

Bank of America evidently enjoys working with the Lucid Group. On Wednesday, the luxury electric vehicle manufacturer announced entry into a credit agreement with an initial committed amount of up to $1.0 billion with Bank of America serving as the administrative agent and swingline lender on the transaction. According to a news release, other lenders […] [Read More]

Financing for electric vehicles continues to gain more momentum. A few days after Bank of America finalized a relationship with Lucid Group, Arcimoto announced on Wednesday that manufacturer has entered into an agreement with FreedomRoad Financial, a loan production office of Evergreen Bank Group, to provide consumers with vehicle financing for Arcimoto’s family of EVs. […] [Read More]

It appears May was a tipping point in the auto financing space. After loosening for 11 months in a row, access to auto credit tightened in May, according to the Dealertrack Credit Availability Index for all types of auto financing. Cox Automotive shared in a Data Point that the index declined … [Read More]

Though there was a bit of improvement from April, used-vehicle sales in May were down double-digit percentages on a year-over-year basis, says Cox Automotive, noting that spikes in interest rates, fuel costs and vehicle prices have dampened the market. The average APR on a used vehicle rose to 9.23% in May, up from 9.16% in April, according […] [Read More]

Here’s more industry consolidation; this time in the fleet space. A news release from Athene Holding distributed on Monday announced the signing of a stock purchase agreement by LeasePlan Corp. with Wheels Donlen’s parent company to acquire LeasePlan USA. The result will be the combination of LeasePlan USA with Wheels Donlen to create a unified […] [Read More]

With the average price for a gallon of gas now above $5, Black Book’s newest installment of Market Insights highlighted how wholesale prices for vehicles such as compact cars and full-size SUVs are moving in distinctly different directions. “Fuel prices appear to still be having a … [Read More]

Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada's Used Car Week this month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Sophie […] [Read More]